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NEW YORK—In what may be a sign that consumers will have less remittance money to send as the result of an impending recession, Payoneer—which specializes in cross-border payments— plans to cut 9% of its employees by the end of Q3, according to a filing with the Securities and Exchange Commission.

NEW YORK— Citi has enhanced its offers to its My Deals platform, previously called Citi Easy Deals.

TACOMA, Wash.–Sound Credit Union held its annual auction to raise money for a local nonprofit, with proceeds raised benefitting benefited WWIN (Washington Women in Need).

BANNOCKBURN, Ill. –Great Lakes Credit Union (GLCU), which has been among the most aggressive CUs in the country in offering higher-rate deposit accounts, said it is now paying as much as 5% APY on its free checking product if certain conditions are met.

WASHINGTON–The U.S. economy added 187,000 jobs during July, indicating the economy is cooling and likely lifting pressure on the Fed to ease up on the raising of rates.